ED Takes Action Against Gameskraft in Money Laundering Probe

The Enforcement Directorate has frozen Rs 526 crore in bank deposits and seized valuables in connection with a money laundering investigation involving online gaming firm Gameskraft. The probe uncovered the company's manipulative gaming practices, leading to significant user financial losses and mental distress.

The Enforcement Directorate has taken decisive action against online gaming platform, Gameskraft, amid allegations of money laundering. The agency disclosed on Thursday that it has frozen bank deposits worth Rs 526 crore and seized gold jewelry and cash totaling Rs 3.5 crore.

Operating from their Bengaluru base, Gameskraft and its founders have been under scrutiny following searches conducted in Delhi-NCR and Karnataka from May 7 to May 13. Movable assets including bank deposits and fixed deposits have been frozen, and three company founders have been arrested. Gameskraft operates multiple online rummy platforms, including 'RummyCulture'.

The ED's investigation revealed that the company engaged in unethical practices by using BOTs, leading unsuspecting users to significant financial losses amounting to Rs 1,154 crore. Accusations also include laundering money through investments and properties. The government's decision to ban online money gaming in August 2025 came as a response to such practices.